Why CenturyLink, Super Micro Computer, and Lear Slumped Today
![Blur 1853262 1920](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNmQ1RGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6205d730e65b45673bbaff8ee4ad6886eedd9111/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2QzNKbGMybDZaVWtpRFRjMU1IZzBOVEJlQmpzR1ZBPT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--9a8cb233bbd899661209fac1218cb930366c2398/blur_1853262_1920.jpg)
The stock market finished Wednesday on a quiet note, with various major benchmarks moving in different directions. The Dow Jones Industrial Average was down about 90 points on weakness in some major industrial and insurance company names, but the Nasdaq Composite posted a similar-sized percentage gain. More broadly, market participants appear to be waiting to see whether strong corporate performance can keep overcoming pressure on the geopolitical front and send stocks to new highs. For some individual companies, though, bad news pushed shares lower. CenturyLink, Super Micro Computer, and Lear were among the worst performers on the day. Here's why they did so poorly.
CenturyLink leads telecoms lower
Shares of CenturyLink dropped 6.5% on a poor day for the telecommunications industry more broadly. Analysts at Moffatt Nathanson downgraded CenturyLink from neutral to sell, setting a $19 price target on the stock. The downgrade comes after the telecom company had seen a big run-up in the aftermath of strong second-quarter financial results and increased guidance for the remainder of the year. Other major players in the space also got negative reviews from analysts, who cited the need for higher investment in 5G network upgrades and other strategic initiatives. For CenturyLink, the fact that the company left its dividend unchanged was also a mixed blessing, as it kept the dividend yield at 9% but failed to address concerns that the telecom specialist might be paying out too much to its shareholders.
Super Micro faces delisting
Super Micro Computer stock fell 15% after the server company said that it wouldn't be able to meet a key deadline to remain on the Nasdaq exchange. Super Micro said that it wouldn't be able to file its annual report for the fiscal year ended June 30, 2017, or its subsequent quarterly reports for the Sept. 30, Dec. 31, and March 31 quarters. Back in May, a Nasdaq panel granted an extension to come into compliance, but that extension ends this Friday, and Super Micro won't be able to file those reports in time. Despite strong quarterly results announced at the same time today, investors in Super Micro fear that potential restatements of past financial results could be problematic, and they didn't want to wait any longer to find out what's next for the company.
Lear falls on parts worries
Finally, shares of Lear finished lower by 4%. The parts manufacturer was just one of several industry peers that posted losses on the day, following an announcement from European rival Continental that higher costs for developing technology for hybrid and electric vehicles would contribute to lower sales and margin figures than previously projected. Some analysts looking at Continental's results concluded that they shouldn't have an impact on other players in the parts industry, as they appeared to be specific to that company. Yet Lear faces some of the same challenges with its electrical systems business, and investors appear to be nervous that it could confront at least some of the same headwinds going forward.
CenturyLink is not on our top "Buy" list, but these 10 stocks are
Investing geniuses David and Tom Gardner just released their best stocks to buy now -- and it could pay to listen. Especially when you consider their average stock pick is up 353% vs. a mere 81% for the S&P 500.
They just shared what they think are the ten best stocks for investors to buy right now to members inside their service Motley Fool Stock Advisor… and CenturyLink wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Source: fool
![Banner Default Image](https://www.dclsearch.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdytMRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--683221fba4088f48e5f9c99e2719b73064c09cee/banner-default.jpg)
Latest Jobs
-
- Network & Security Consultant
- Spain
- Upto €54000 per year and benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred)for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.
-
- Security Analyst - Internal role. London commutable. £50,000
- London
- £50,000
-
Security Analyst - Internal role. London commutable opportunity. Operational Security - Investigate, escalate and proactively work to ensure household name remains protected. Project Security - Coordinate, log change requests with project delivery teams to meet security requirements Policy / compliance - work with team to aid in uplifting these as and where needed This role is role to investigate, escalate and proactively work to protect a globally recognised brand. You must have current hands on operational analytical security experience with Microsoft technology stack Someone with a SOC Analyst / security engineering background would be well suited. This position will join a small team and would suit someone that has broad experience across the security threat landscape. Experience / knowledge across industry GRC standards such NIST, ISO27001 etc would be advantageous. You will work across multiple teams proactively working to secure the business. Must be able to commute to Central London 3 days a week. Visa sponsorship not available Apply today to find out more.
-
- Network & Security Consultant
- Romania
- €54000 plus benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred) for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.
-
- Network & Security Consultant
- Hungary
- Upto €54000 per year and benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred) for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.